I will make no statement on whether I agree with this article
or not, but it's certainly food for thought.
Thanks for sharing. Definitely some valid points in the article.
I was going to add more to this post but my boss was heading my way. Like many things in marriage, decisions on our personal finances has always involved compromise. My father inlaw believed in paying off the house asap and did not invest in the stock market at all.
When we took out the mortgage, we were contributing to our 401k at or slightly above the company match. I believe the only additional principal we did was about $30/month to round up to the nearest $100.
As our income grew, we agreed to contibute more to our 401ks AND increase the additional principal. I recall it being a challenge to convince my wife to increase the 401k contribution to 10%. We gradually grew the 401k contribution to 20% and the additional principal to just over $200.
As my mortgage balance got closer and closer to my EF balance, I started to get motivated to pay it off. Once it is paid off, the likely goal will be to max out both of our 401ks and Roth's every year.